Oppenheimer Asset Management Inc. Has $669,000 Stock Holdings in JFrog Ltd. $FROG

Oppenheimer Asset Management Inc. cut its stake in JFrog Ltd. (NASDAQ:FROG) by 7.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,248 shares of the company’s stock after selling 1,195 shares during the period. Oppenheimer Asset Management Inc.’s holdings in JFrog were worth $669,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FROG. Vanguard Group Inc. increased its position in shares of JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock worth $283,903,000 after purchasing an additional 35,458 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of JFrog by 6.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock valued at $115,933,000 after purchasing an additional 222,635 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after purchasing an additional 1,037,482 shares in the last quarter. Alliancebernstein L.P. increased its position in JFrog by 1,974.0% in the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock worth $68,832,000 after purchasing an additional 2,047,294 shares during the period. Finally, Fiera Capital Corp grew its position in shares of JFrog by 12.2% during the 1st quarter. Fiera Capital Corp now owns 1,694,635 shares of the company’s stock worth $54,228,000 after buying an additional 184,448 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group boosted their target price on JFrog from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Stifel Nicolaus upped their target price on shares of JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. KeyCorp upped their target price on shares of JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. TD Cowen upped their price target on JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Robert W. Baird upped their price target on JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

JFrog Stock Performance

NASDAQ FROG opened at $47.48 on Friday. The firm has a 50-day moving average of $48.58 and a 200-day moving average of $43.47. The stock has a market cap of $5.54 billion, a PE ratio of -61.66 and a beta of 1.05. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $51.94.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The firm had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same period last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, CRO Tali Notman sold 13,067 shares of JFrog stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $50.26, for a total value of $656,747.42. Following the completion of the sale, the executive owned 658,842 shares in the company, valued at $33,113,398.92. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 1,372 shares of JFrog stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $47.94, for a total transaction of $65,773.68. Following the completion of the sale, the director owned 29,307 shares of the company’s stock, valued at approximately $1,404,977.58. The trade was a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 481,492 shares of company stock worth $23,083,800. 14.10% of the stock is currently owned by insiders.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.